ST Jinglun: Abnormal fluctuations in stock trading, with financial and trading-related delisting risks.

ST Jing Lun announcement stated that the company's stock had a cumulative deviation of more than 12% in closing prices for three consecutive trading days from March 17 to March 19, 2026, which was considered abnormal volatility. The company and its subsidiaries are operating normally, and the controlling shareholder and actual controller Zhang Xueyang confirmed that there were no undisclosed significant matters. The company warned of risks, predicting that the net profit for the year 2025 would be negative, non-GAAP revenue would be less than 300 million yuan, and after the annual report disclosure, the listing may be terminated. The closing price on March 19 was 0.74 yuan, marking the sixth consecutive day of being below 1 yuan, with a total market value of 3.64 billion yuan, and the ninth consecutive day of being below 500 million yuan, posing a risk of delisting.